Nexo Price Update
Nexo is up by approximately 0.89% from the previous day, with its price currently hovering around $0.1019 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 7.94% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. Another data point we may find worthy of observation is that price for Nexo has increased 15 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Nexo imply the currency may oscillate between $0.097953 and $0.123417, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The market capitalization of Nexo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $56 million.
Update on Transactions and Holders
Over the past 24 hours, 233 transfers have been added to the blockchain recording transactions amongst holders of Nexo. Regarding a tally of holders, Yesterday saw Nexo’s wallet count increase by 40. In terms of recurring usage, we can note that 1,215 wallets have sent or received coins in the past month, while 86 have in the past day.
Just How Rich are Nexo’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 109.51% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Nexo have ownership they cannot sell at this time — but may be able to in the future. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.01% of the currency’s money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period. As for the Nexo’s smart contract itself, that owns 0.02% of the total money supply, an amount unchanged from the week prior.
The Latest on Nexo and Social Media
In the past day, Nexo’s Reddit subscribers went up by 11, respectively. If you are interested in following Nexo on social media, Twitter, where it has 48,750 following it, may be a good place to start. Here is the Twitter page for Nexo.
Article by SixJupiter
